Here are two high-growth buys—one is new!

Article Excerpt

These renewable power providers sell mostly under long-term supply contracts. The steady cash flows from those agreements support their high yields and cut your risk. BROOKFIELD RENEWABLE PARTNERS LP $39 is a buy. The partnership (Toronto symbol BEP.UN; High-Growth Dividend Payer Portfolio, Utilities sector; Units outstanding: 275.2 million; Market cap: $10.7 billion; Distribution yield: 4.4%; Dividend Sustainability Rating: Above Average; www.bep.brookfield.com) owns 227 hydroelectric generating stations, 117 wind farms, 109 solar facilities, and 7,892 distributed generation and energy storage sites. With the March 2022 payment, Brookfield raised its quarterly distribution by 5.0%, to $0.32 U.S. a unit from $0.3038 U.S. The new annual rate of $1.28 U.S. yields a solid 4.4%. The partnership continues to expand renewable energy operations. It recently agreed to pay $1 billion U.S. for Scout Clean Energy. That firm owns more than 1,200 MW (megawatts) of wind assets, with a future pipeline of more than 22,000 MW of wind, solar, and storage projects across 24 states. Brookfield will also pay $540 million U.S….